Economy

Economy (712)

Every month, starting June, The Brief  will be surveying in-store prices of the same basket of goods across major wholesalers in Namibia, namely; Metro, Windhoek Cash ‘n Carry and Wecke and Voigts.

In its pursuit of providing consumers with valuable insights into the price of a basket of 20 staple products, The Brief launched a survey on the cheapest supermarket in May 2023, by conducting monthly price comparisons of a standardised grocery basket across major retailers.

Hyphen Hydrogen Energy (Hyphen) says Namibia has the potential to generate significant economic value through the production and export of green hydrogen estimated at a staggering N$653 billion ($35 billion) annual exports.

The Ministry of Mines and Energy says the country’s fuel prices will remain unchanged for the month of July.

French oil major TotalEnergies has received the Discovery of the Year award for the Venus oil discovery offshore Namibia in Wood Mackenzie's annual Exploration Survey.

The Office of the Labour Commissioner has revealed that out of 61 registered unions and employer organisations in Namibia, only nine are compliant with the Labour Act representing a mere 15% compliance rate.

It is often touted that “small businesses are the backbone of the economy”. One would hope that we’d do all we can to keep this spine intact because in today's rapidly evolving economic landscape, micro, small, and medium enterprises and startups (MSMES) play a pivotal role in driving economic growth and hold immense potential for employment creation and improving the standard of living for all Namibians.

The Road Fund Administration (RFA) has suspended plans to introduce toll roads in the country until further notice.

Namibia's Green Hydrogen sector is poised to become a significant source of revenue for the government, with estimates suggesting an annual income of N$10 billion.

The Namibia Chamber of Commerce and Industry (NCCI) has called for urgent reforms, including the need for policymakers to be accessible and responsive, increased funding support for economic clusters, addressing fragmentation in the beef sector, and equal support for local entrepreneurs.

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